Cyfrowy Polsat Newsletter 14 – 20 March 2011

Cyfrowy Polsat Newsletter
14 – 20 March 2011
14 – 20 March 2011
Cyfrowy Polsat Newsletter
The press about Cyfrowy Polsat
Date
.
14.03
Gazeta Wyborcza: Cyfrowy Polsat has LTE
Cyfrowy Polsat began consumer tests of ultra-fast Internet.
The tests will last until the end of June. At the beginning the
speed of downloading data will reach up to 73 Mb/s. Yet,
there is no such a service in Poland – now, the maximum
speed of mobile data transfer is 42 Mb/s.
17.03
Dziennik Gazeta Prawna: Polsat focuses on high-speed
Internet
Cyfrowy Polsat has published the results for the fourth
quarter of 2011. Overall, the results were good and in line
with expectations - said Ipopema analyst.
To sustain the increase in the number of customers, except
the DTH offer, the company will focus on development of new
technologies: fast LTE Internet, CatchUp TV and CPOnline
services to allow access to TV content of the platform through
the Internet.
18.03
Puls Biznesu: Cyfrowy Polsat: Buy
In the report dated March 14, Trigon DM analysts released
recommendation "buy" for Cyfrowy Polsat shares, setting
target price at PLN 18.6. Cyfrowy Polsat share price was PLN
15.6 on the date of the issue of the report.
The press about DTH/MVNO/Internet
market in Poland
Dziennik Gazeta Prawna: Solorz-Żak is not alone after Polkomtel
A short list of two/three entities that will proceed to the final
negotiations will be announced in the second half of April.
Zygmunt Solorz-Żak proposed the largest price for Polkomtel – PLN 18
billion. If he becomes the owner of the operator, it will accelerate the
launch of fast LTE Internet.
Rzeczpospolita: A good year for private stations
This year, two private TV groups - TVN and Polsat – will take a lead over
TVP on the advertising market. According to Piotr Janik, KBC Securities
analyst, Polsat revenues will increase faster than the market, TVN will
grow at the same level as the market, and the TVP - below the market
average.
14 – 20 March 2011
Cyfrowy Polsat Newsletter
The press about Cyfrowy Polsat
Date
Puls Biznesu: Cyfrowy Polsat without dividend
By the end of the first quarter of 2011, the purchase of
Telewizja Polsat by Cyfrowy Polsat should be completed. As a
result, a media group with annual revenues of over PLN 2.4
billion will emerge.
"To reduce the debt as quickly as possible, the company will
not pay dividends for 2010 and 2011"- said Dominik Libicki,
President of Cyfrowy Polsat.
18.03
Puls Biznesu: A historic change on the vision
Dominik Libicki, President of Cyfrowy Polsat, has the best
prospects on the television market. Probably, he will be the
fastest to show the effects of convergence with
telecommunications.
It will be interesting, how the situation will develop over the
next few years.
"The alliance between operators of Orange and Era over
building a shared network and cooperation of Orange and
TVN to propose a television offer, put us closer to Plus
operator. We will talk, regardless of whether our major
shareholder buys Polkomtel or not. However, also P4, with its
radio frequencies and infrastructure, is interesting” - said
Dominik Libicki, President of Cyfrowy Polsat.
The press about DTH/MVNO/Internet
market in Poland
14 – 20 March 2011
Cyfrowy Polsat Newsletter
The press about Cyfrowy Polsat
Date
Parkiet: A year of change for Polsat Group
Analysts forecast a surge in revenues, but lower net profit in
2011. For the time being, they don’t take into consideration
that Polkomtel will join the media empire.
Dominik Libicki, President of Cyfrowy Polsat, is ready to
cooperate with any operator: either Polkomtel, or Play.
18.03
Rzeczpospolita: Warsaw is still up
After the Friday's session, there will be a change in indexes,
Cyfrowy Polsat will be moved to WIG40 index. Cyfrowy Polsat
shares’ price did not react negatively to the change of position
in the indexes.
19.03
The press about DTH/MVNO/Internet
market in Poland
Cyfrowy Polsat Newsletter
14 – 20 March 2011
Latest events
Press release
16 March 2011
Cyfrowy Polsat launches nationwide consumer tests of LTE Internet
As announced before, Cyfrowy Polsat launches consumer tests of its latest product – LTE Internet. The first stage of testing, scheduled
till June 30, will be attended by 2,000 people - participants of the campaign "Subscribe to LTE Internet”, employees and associates of
the operator, employees of Cyfrowy Polsat distributors and media representatives. Every month they will receive a data package of
100 GB free of charge .
Press release
17 March 2011
Publication of financial results of Cyfrowy Polsat for 2010
Cyfrowy Polsat published financial results for 2010, strengthening the leading position on pay TV market and showing further increase
in operational and financial results compared to analogical period of 2009. The number of users of our services increased to
respectively: 3.44 million of DTH service subscribers, 96 thousands of MVNO users and 26 thousand of HSPA+ Internet users. The
Company reported a double-digit growth in revenues, EBITDA and net profit, while maintaining a stable churn rate.
Current report no 6
19 March 2011
Registration of cross-border merger of Cyfrowy Polsat S.A. with M.Punkt Holdings Ltd
The Management Board of Cyfrowy Polsat S.A. ("Company") announces that on March 18, 2011 it received a decision of the District
Court for the Capital City of Warsaw in Warsaw, XIII Business Division for the National Court Register dated March 14, 2010 regarding
the registration of cross-border merger of the Company with M.Punkt Holdings Ltd seated in Nicosia, Cyprus, address: Themistokli
Dervi 3; postal code 1066, Nikosia, Cyprus. ("Ceasing company").
The cross-border merger was effected in accordance with article 491 and further, in particular articles 5161-51618 of the Commercial
Companies Code of 15 September 2000 (Cross-border mergers of joint-stock companies) and with Sections 201 I to 201 X of the
Cyprus Companies Law, Cap 113, amended by Section II Law N.186(I)/2007.
The cross-border merger resulted in:
i. M.Punkt Holdings Ltd was terminated without liquidation, and
ii. Cyfrowy Polsat S.A. took over, by the way of universal succession, the Ceasing company's assets and liabilities, including, in
particular the ownership of share capital in mPunkt Polska S.A.
The cross-border merger was performed to optimize costs and simplify the organizational structure of Cyfrowy Polsat Group which is
required in order to realize its medium and long term strategy.
14 – 20 March 2011
Cyfrowy Polsat Newsletter
Cyfrowy Polsat shares
Maximum
price
(PLN)
Minimum
price
(PLN)
Closing
price
(PLN)
Change
(%)
Volume
(PLN ths.)
14-03-2011
15.55
15.31
15.40
-1.22%
825
15-03-2011
15.29
15.00
15.20
-0.91%
3 813
16-03-2011
15.60
15.20
15.31
-2.36%
2 524
17-03-2011
15.58
15.07
15.08
-2.08%
5 799
18-03-2011
15.46
15.17
15.39
2.12%
27 154
Date
Investors' calendar
30 March 2011
Extraordinary General Meeting of Cyfrowy Polsat S.A.